Nifty Futures Intraday Trading Report March 30, 2011

Trade 1: Entered long at 5791. Target was 5869. However, the contract was facing heaving selling pressure right from the beginning of the trading session. I had set the stop loss at 5772. Stop loss was triggered towards the closing period. As soon as the contract scaled back to 5791, I bought it once again. The trade was squared off at the same levels. However, the value of the contract surged and touched 5815 towards the last few minutes. 😦